Choom Holdings Inc CHOOF

Choom Holdings Inc. is a Canada-based retail cannabis company, which is established as store networks in Canada. The Company’s Choom brand is inspired by Hawaii's Choom Gang, a group of buddies in Honolulu, who loved to smoke weed or, as the locals call it, Choom. The Choom Gang pursued a ‘live in the moment’ lifestyle and their energy has helped shape the Choom culture, which is rooted in the shared belief of cultivating time with friends. The Company is focused on delivering an elevated customer experience through its curated retail environments, offering a diversity of brands for Canadians across a national retail network. The Company operates through two segments: Retail Cannabis and Corporate Operations. The Company’s business strategy is to build retail cannabis chains, with locations across Canada in the provinces that allow for private retailers.

GREY:CHOOF - Post by User

Choom Holdings Inc > 15 stores - what is realistic market cap

<< Previous

Bullboard Posts

Next >>

Comment by blackroosteron Jul 20, 2020 9:47am

120 Views

Post# 31289844

RE:RE:RE:15 stores - what is realistic market cap

20 cents a share puts them at 80 million dollar market cap after vida closes. That is a bit aggressive for a company making 10 million a year. For now I'd imagine since they have leans against all their property a normal 2-4 multiple to revenue would suffice. So this would be 20-40 million market cap putting them at 0.05 to 0.1. If they ramp revenue past 10 million a year obviously this would go up. Profitability is next question. They need to bring their revenue up fast to beat their cash burn. Were talking within 2 3 quarters or wont be able to sustain.

<< Previous

Bullboard Posts

Next >>

Invest wiser with BMO's InvestorLine Platform features